The correct word to fill in the blank is 'collar.' It refers to a piece of jewelry worn around the neck.
Me encanta el collar que llevas al cuello.
In this sentence, the correct word to fill in the blank is collar, which refers to a piece of jewelry worn around the neck. The other options, such as corbata (tie), anillo (ring), and brazalete (bracelet), do not match the context of wearing something around the neck.
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